This paper is published in Volume-8, Issue-5, 2022
Area
Economics
Author
G. Joseph Mary, Dr. T. Varalakshmi, Jyothi Kalyan
Org/Univ
St. Joseph’s Degree and PG College, Hyderabad, Telangana, India
Pub. Date
26 December, 2022
Paper ID
V8I5-1259
Publisher
Keywords
MUDRA Yojana, Micro Enterprises, Financial Assistance, Marginalised Groups.

Citationsacebook

IEEE
G. Joseph Mary, Dr. T. Varalakshmi, Jyothi Kalyan. Performance of Micro Unit Development and Refinance Agency (MUDRA) Yojana, an initiative of the Government of India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
G. Joseph Mary, Dr. T. Varalakshmi, Jyothi Kalyan (2022). Performance of Micro Unit Development and Refinance Agency (MUDRA) Yojana, an initiative of the Government of India. International Journal of Advance Research, Ideas and Innovations in Technology, 8(5) www.IJARIIT.com.

MLA
G. Joseph Mary, Dr. T. Varalakshmi, Jyothi Kalyan. "Performance of Micro Unit Development and Refinance Agency (MUDRA) Yojana, an initiative of the Government of India." International Journal of Advance Research, Ideas and Innovations in Technology 8.5 (2022). www.IJARIIT.com.

Abstract

the project aimed at growing micro businesses. The data for MUDRA Yojana came primarily from MUDRA Yojana's yearly reports and website, but it also came from numerous journals, magazines, and periodical publications. The study looked at a variety of credit schemes and how they performed. To achieve the study's goal, statistical tools such as descriptive, percentage, and ANOVA were used to make meaningful comparisons among schemes, areas, financial institutions, total credit, and account numbers. The necessity of the hour is for a specific or more specialized financial institution to serve the credit needs of micro-firms, especially SMEs. The government's MUDRA Yojana project, which provides financial assistance to micro firms, has proven to be a successful undertaking. In many MUDRA Schemes, the growth rate of account opening and credit distribution is showing a favorable trend. The system has been widely adopted by marginalized groups, with women accounting for 73.41 percent of account holders and new businesses accounting for 25.16 percent. However, the northern states of the country show a lower level of participation in both account formation and credit sourcing. The majority of accounts are opened under the Shishu plan, while Tarun Scheme (Major Projects) participation is low. RRBs and PSBs are less likely than private banks to participate in the scheme, which is not a good trend in the long run. The government's microfinance project is progressing in a balanced manner. Keywords: MUDRA Yojana, Micro Enterprises, Financial Assistance, Marginalised Groups.